AURORA, Ontario, May 10, 2013 /PRNewswire/ --
Magna International Inc. (TSX: MG, NYSE: MGA) announced voting results from its 2013 annual meeting of shareholders held today. A total of 188,720,891 million Common Shares, or 80.6% of our issued and outstanding Common Shares, were voted in connection with the annual meeting. Shareholders voted in favour of all items of business, including election of each director nominee by a substantial majority as follows:
Scott B. Bonham 99.5% Peter G. Bowie 99.7% Hon. J. Trevor Eyton 98.1% V. Peter Harder 98.1% Lady Barbara Judge 97.7% Kurt J. Lauk 99.2% Donald J. Walker 99.7% Lawrence D. Worrall 99.7% William L. Young 98.9%
Additionally, Magna's advisory "say on pay" vote received 75.0% support. Full results of the votes are included as Appendix "A" to this press release.
We are a leading global automotive supplier with 315 manufacturing operations and 87 product development, engineering and sales centres in 29 countries. Our 121,000 employees are focused on delivering superior value to our customers through innovative processes and World Class Manufacturing. Our product capabilities include producing body, chassis, interiors, exteriors, seating, powertrain, electronics, mirrors, closures and roof systems and modules, as well as complete vehicle engineering and contract manufacturing. For further information about Magna, visit our website at http://www.magna.com.
VOTING RESULTS - 2013 ANNUAL MEETING OF SHAREHOLDERS
Resolution Vote Type* Voted Voted (%) Elect Scott B. Bonham as Director For 182,853,429 99.5 Withheld 880,235 0.5 Elect Peter G. Bowie as Director For 183,193,443 99.7 Withheld 540,220 0.3 Elect Hon. J. Trevor Eyton as Director For 180,295,635 98.1 Withheld 3,438,028 1.9 Elect V. Peter Harder as Director For 180,221,724 98.1 Withheld 3,511,939 1.9 Elect Lady Barbara Judge as For 179,550,053 97.7 Director Withheld 4,183,611 2.3 Elect Kurt J. Lauk as Director For 182,292,465 99.2 Withheld 1,441,198 0.8 Elect Donald J. Walker as Director For 183,199,999 99.7 Withheld 533,665 0.3 Elect Lawrence D. Worrall as Director For 183,185,633 99.7 Withheld 548,030 0.3 Elect William L. Young as Director For 181,614,303 98.9 Withheld 2,119,359 1.1 Appointment of Auditors For 185,486,401 98.3 Withheld 3,234,382 1.7 Advisory Resolution on Approach to For 137,713,877 75.0 Executive Compensation Against 46,020,781 25.0
* No invalid proxies were submitted.
SOURCE: Magna International Inc.
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For further information, please contact Louis Tonell, Vice-President, Investor Relations at +1-905-726-7035.